$BTC

Here are the key details about the current FOMC meeting (June 17–18, 2025), based on the latest information:

⏰ 1. Meeting Schedule & Key Events

- Dates: June 17–18, 2025 (today and tomorrow) .

- Policy Statement Release: Wednesday, June 18, at 2:00 p.m. ET .

- Chair Powell's Press Conference: Wednesday, June 18, at 2:30 p.m. ET .

📉 2. Interest Rate Decision

- The Fed is highly likely to maintain rates at the current range of 4.25%–4.50%, unchanged since December 2024 .

- Market odds of a cut are near 0% for June and only 13% for July .

📊 3. Focus: "Dot Plot" Projections

- This meeting includes the Summary of Economic Projections (SEP), or "dot plot," revealing Fed officials' rate forecasts for 2025–2026 .

- Key expectations:

- Fewer rate cuts in 2025: Likely reduced from two cuts (projected in March) to just one cut by year-end .

- Higher inflation: Forecasts may rise to 3.0%–3.3% (from 2.8%) due to tariff impacts .

- Slower growth: GDP projections could be downgraded to 1.3% (from 1.7%) .

🏛️ 4. Political Pressure & Uncertainty

- President Trump has publicly criticized Fed Chair Powell, demanding "a full percentage point cut" and calling him a "numbskull" for resisting .

- New tariffs and fiscal policies are complicating the Fed's outlook, creating "uncomfortable purgatory" between inflation risks and growth concerns .

📈 5. Market Impact

- Stocks: A shift to one 2025 cut could trigger a ~1% S&P 500 sell-off; holding at two cuts may lift markets .

- Bonds: Futures traders price in a 60% chance of a cut by September, with 88% odds of at least two cuts by December .

🗓️ Upcoming 2025 FOMC Meetings

Table: Key remaining meetings this year :

| Meeting Dates | Special Notes |

|-------------------------|--------------------------------------------|

| July 29–30 | No dot plot or press conference scheduled |

| September 16–17* | Includes dot plot & press conference |

| October 28–29 | No dot plot or press